While the stock market rallies and gold breaks down, is it possible that the market is a little too happy? The drop in gold plays into one of Ben Bernanke’s major concerns — the lack of inflation.
The current move up in the E-mini S&P 500 is part of a five-wave rally that will be targeting new highs and possibly 1850 in the next couple of weeks.
Commodity investments are heading for record outflows driven by withdrawals from gold exchange-traded funds as some investors lost faith in the traditional store of value, according to Barclays Plc.
International Securities Exchange Holdings Inc. lost a second lawsuit over the Chicago Board Options Exchange’s exclusive license to list options based on the Standard & Poor’s 500 and Dow Jones indexes.